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they are nowhere near a deal to avoid the so-called fiscal cliff. peter doocy is life in washington with more. >> republicans have had their proposal to avoid the fiscal cliff complete with 800 billion of new revenue over a decade on the table for more than a day now. it has yet to be publicly embraced by the slightest bit by any prominent democrats. because of that gop lawmakers are saying that means the white house wants to go over the fiscal cliff to make it a point. >> howard dean said it patti murray who ran the senator ideal committee. i think the presidency is a political victory for his party as they go over the cliff. i know republicans are concerned there is going to be a secondary session. >> the white house proposal raises taxes 1.6 trillion over a decade. republicans close loopholes and get rid of deductions. they say the mast won't work. >>> it is still out of balance. it is 800 million worth of revenues. he said he is going to do that by lowering rates. when you look at the map it doesn't work. >> the house majority with kevin mccarth
they are nowhere near a deal to avoid the so-called fiscal cliff. peter doocy is life in washington with more. >> republicans have had their proposal to avoid the fiscal cliff complete with 800 billion of new revenue over a decade on the table for more than a day now. it has yet to be publicly embraced by the slightest bit by any prominent democrats. because of that gop lawmakers are saying that means the white house wants to go over the fiscal cliff to make it a point. >> howard...
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now president obama is insisting that any deal on this fiscal cliff which has automatic tax hikes and spending cuts as of january one, they are trying to avert that. he says any deal on this must include an end to the debt ceiling all together. he wants complete power to raise the country's limit by himself. he doesn't want to have to get congressional approval. that is a demand stirring strong response from republicans today. >> the on way we ever cut spending is by using the debate over the debt limit to do it. now the president wants to remove that spur to cut all together. of course, it gets in the way of his spending plans. i can assure you it one happen. the american people want washington to get spending under control and the debt limit is the best tool we have to make the president take that demand seriously. the american people want us to fight to cut spending. it's a fight they deserve and a fight we are happy to have. >> joining me now, simon rosenberg. and mark theisen. guys, welcome. simon, let me start with you on this. we did have some democrats come on the show and say
now president obama is insisting that any deal on this fiscal cliff which has automatic tax hikes and spending cuts as of january one, they are trying to avert that. he says any deal on this must include an end to the debt ceiling all together. he wants complete power to raise the country's limit by himself. he doesn't want to have to get congressional approval. that is a demand stirring strong response from republicans today. >> the on way we ever cut spending is by using the debate over...
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president obama saying now a deal to avoid the so-called fiscal cliff could be about a week away. there is just one catch. he says republicans have to accept the, quote: reality as he puts it that tax rates are going up for the richest americans. something g.o.p. leaders are calling a deal breaker. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. we can probably solve this. it's not that tough. but we need that conceptual break through that says we need to do a balanced plan. >> we made a good faith offer to avert the fiscal crisis and that offer included significant spending cuts reforms and it included additional revenue. and frankly, it was a balanced approach mr. president has been asking for. now we need a response from the white house. >> they have 27 days to prevent automatic tax hikes and spending cuts from kicking in on new year's day. ed henry live at the white house for us. ed, we are hearing the president and house speaker john boehner actually talked by phone no
president obama saying now a deal to avoid the so-called fiscal cliff could be about a week away. there is just one catch. he says republicans have to accept the, quote: reality as he puts it that tax rates are going up for the richest americans. something g.o.p. leaders are calling a deal breaker. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. we can probably solve this. it's not...
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>>guest: i don't want to go off the fiscal cliff which congress created in a bipartisan way. this fiscal cliff is the direct result of the last fiscal cliff when we had the debt limit showdown. >>neil: both sides agreed. >>guest: i voted again i. why create the artificial crisis as a way to force action? it never works. >>neil: bethis. they did. >>guest: and now they are going to do it again. they are saying, now, hurt growth in america, cut a deal that hurts growth in america so in a year from now we will have a worst fiscal cliff and that is the real fiscal cliff $16 trillion debt which the tax you have 200,000 less jobsve next year and the people voting for that will be responsible and held accountable for the public policy. >>neil: you have been talking about freeing out to the middle-class. for and reason in the last election republicans lost the middle class. they seemed to get stereotypes as the party that appeals only to the well-to-do. what i am asking you, how do you change that? the perception sticks in the eyes of some. >>guest: first of all, we need to understand
>>guest: i don't want to go off the fiscal cliff which congress created in a bipartisan way. this fiscal cliff is the direct result of the last fiscal cliff when we had the debt limit showdown. >>neil: both sides agreed. >>guest: i voted again i. why create the artificial crisis as a way to force action? it never works. >>neil: bethis. they did. >>guest: and now they are going to do it again. they are saying, now, hurt growth in america, cut a deal that hurts...
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no the policy show the public will blame the gop if we go over the fiscal cliff. if that's the case, if he won't deal unless the republicans agree to raise the top rates or revenues, then boehner needs to understand this reality and not under any circumstances surrender or appear weak. now what that means specifically is boehner cannot allow himself to begin to negotiate with himself anda republicans because all that will do is vindicate and reward obama's inflexibility and cause a fierce fight within the gop and conservative. i get the feeling with each and every day as republicans move closer and closer to the obama position, that they are too afraid to go over the clip. they are too willing to make a deal, any deal, no matter how bad that might be. that's the danger. and there's a feeling out there these days in terms of the body language and the posture of the republican leadership, that's the direction they are headed. they look like they are atrade. they look like they want to deal and if they don't get one, the world is going to come crashing down on them.
no the policy show the public will blame the gop if we go over the fiscal cliff. if that's the case, if he won't deal unless the republicans agree to raise the top rates or revenues, then boehner needs to understand this reality and not under any circumstances surrender or appear weak. now what that means specifically is boehner cannot allow himself to begin to negotiate with himself anda republicans because all that will do is vindicate and reward obama's inflexibility and cause a fierce fight...
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still not close to reaching any kind of a deal. >> the president's plan to avert the fiscal cliff still does not meet the two standards that i laid out today after the election. his plan does not fulfill his promise to bring a balanced approach to solving this problem. it's mainly tax hikes. and his plan does not begin o solve our debt crisis. it actually increases spending. the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff and the more american jobs are placed in jeopardy. >> gretchen: so with both sides still hung up over tax hikes and spending cuts, can they come it a consensus in time to avert going off the cliff? let's ask texas congressman jeb hensarling who joins me live this morning. good morning to you. >> good morning. how are you? >> gretchen: doing just fine, thank you so much. it's interesting because it appears from john boehner that the president isn't budging on the spending cuts. yet i want to point you in the direction of a new fox news poll that came out this morning that said that if there are tax increases, should
still not close to reaching any kind of a deal. >> the president's plan to avert the fiscal cliff still does not meet the two standards that i laid out today after the election. his plan does not fulfill his promise to bring a balanced approach to solving this problem. it's mainly tax hikes. and his plan does not begin o solve our debt crisis. it actually increases spending. the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff and the more...
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. >>> we are wrapping up a week where we heard negotiations on avoiding the so-called fiscal cliff were going no where on capitol hill. each side continues to dig in. but even if the president and house speaker john baner are able to reach a deal, there is no guarantee it would pass the lame duck congress. some say they are not sure they could go along with it. and some democrats might balk as well. everybody agrees that something has to be done, but so far no deal. >> first if congress does nothing, every family in america will see their income taxes go up on january 1st. a typical middle class family of four will get a $22 tax hike. that would be bad for families. it would be bad for businesses, and it would drag down our entire economy. >> we must get the national debt under control. tax increases will not solve our $sick teen trillion debt. only economic growth and a reform of entitlement programs will control the debt. >> let's say hello to our political panel. debbie is the former chair of vice president al gore's 2000 campaign in michigan. nice to see you. and chip is a former go
. >>> we are wrapping up a week where we heard negotiations on avoiding the so-called fiscal cliff were going no where on capitol hill. each side continues to dig in. but even if the president and house speaker john baner are able to reach a deal, there is no guarantee it would pass the lame duck congress. some say they are not sure they could go along with it. and some democrats might balk as well. everybody agrees that something has to be done, but so far no deal. >> first if...
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forget this fiscal cliff deal. the moral is, you raise tax rates and down goes tax revenue. look at what happened in britain. this raised the top tax rate to 50% and two-thirds of the millionaires disappeared in the next tax year. same things are happening in france. people are leaving. the top tax rate of 75%. same thing had in maryland a few years ago. new millionaires tax. they disappeared. exactly the same thing in california. >> brian: they went to pennsylvania and california. now texas. >> you avoid a high, what they consider a high tax rate. you want to take more money off them, but when you try do it, you don't get more money off them. >> brian: are you disturbed at all, 'cause i know you're a numbers guy, that it seems as though republicans from senator cork tore coburn to coal, seem to be saying, all right, just raise the rate. give the president his trophy so we can get to real cuts, would that bother you? >> yes, it would bother me because this is a spending problem. not a tax problem. if you just give in and pay the higher tax rates or vote for higher tax rates,
forget this fiscal cliff deal. the moral is, you raise tax rates and down goes tax revenue. look at what happened in britain. this raised the top tax rate to 50% and two-thirds of the millionaires disappeared in the next tax year. same things are happening in france. people are leaving. the top tax rate of 75%. same thing had in maryland a few years ago. new millionaires tax. they disappeared. exactly the same thing in california. >> brian: they went to pennsylvania and california. now...
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to keep from all going over the fiscal cliff. the president is refusing to compromise on letting tax cuts expire on incomes of more than $250,000 a year. g.o.p. leaders are calling that a job killer and a deal breaker. of course, if we fall off the fiscal cliff, we'll all die, right? actually, taxes will go up for pretty much everybody and automatic spending cuts kick in on knew year's day. the president and the house speaker met face-to-face just yesterday for the first time since the election, but are they talking about it? no. today an aide said the speaker is willing and still waiting for counteroffer from the president. ed henry is live at the white house. i don't know, ed. a meeting happens and nobody says anything. this could be seen as something more good than bad. >> reporter: exactly. because they didn't come out of the meeting beating each other up and saying i'm never going to sign a deal with the other guy. the fact that they're keeping this quiet, hush hush for now in terms of the details of what they discussed sugg
to keep from all going over the fiscal cliff. the president is refusing to compromise on letting tax cuts expire on incomes of more than $250,000 a year. g.o.p. leaders are calling that a job killer and a deal breaker. of course, if we fall off the fiscal cliff, we'll all die, right? actually, taxes will go up for pretty much everybody and automatic spending cuts kick in on knew year's day. the president and the house speaker met face-to-face just yesterday for the first time since the...
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is focusing too much on one side of the fiscal cliff balance. >> that's right. they say he is focused as you heard in that sound bite about taxes and that part of it. they are not hearing a lot about spending cuts which republicans obviously think is the big driver of the debt issue. when the president is now demanding that raising the nation's debt ceiling combined in this deal. what republicans like mitch mcconnell think is going on the president just wants to spend more money. listen. >> what the president is really interested in as we learned just yesterday, is getting as much taxpayer money as he can first by raising taxes on small business that he believes are making too much money and then on everybody else. not so he can lower the debt or the deficit but so he can spend to his heart's content. as a result some democrats have pushed the president to just raise the nation's debt ceiling on his own. they believe he has that executive power by invoking the 14th amendment of the constitution. but jay jay cancer carney the white house spokesman has studied tha
is focusing too much on one side of the fiscal cliff balance. >> that's right. they say he is focused as you heard in that sound bite about taxes and that part of it. they are not hearing a lot about spending cuts which republicans obviously think is the big driver of the debt issue. when the president is now demanding that raising the nation's debt ceiling combined in this deal. what republicans like mitch mcconnell think is going on the president just wants to spend more money. listen....
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at this point to avoid the fiscal cliff but there's important movement among republicans to accept president obama's demand for higher taxes on the wealthy. senator corker says there's a growing number willing to compromise and says it's the best route for republicans to take. he appeared on "fox news sunday" along with charles schumer. >> there's a growing group of folks looking at this and realizing we don't have a lot of cards as it relates to the tax issues. so a lot of people are putting forth a theory and i think it has merit. you give the president the 2% increase he's talking about, the rate increase on the top 2% and all of a sudden the shift goes back to entitlements. >> if speaker boehner ends up where senator corker said he is, we will get a large agreement. and but speaker boehner hasn't said that. and so we democrats realize that there has to be two sides of the bargain but we're not going back to 2011, putting revenues and cuts on the table and ended up with the cuts because the other side didn't accept the revenue. >> speaker boehner has yet to sit down with president obama o
at this point to avoid the fiscal cliff but there's important movement among republicans to accept president obama's demand for higher taxes on the wealthy. senator corker says there's a growing number willing to compromise and says it's the best route for republicans to take. he appeared on "fox news sunday" along with charles schumer. >> there's a growing group of folks looking at this and realizing we don't have a lot of cards as it relates to the tax issues. so a lot of...
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. >> if a deal can't be reached before january the 1st we will go over that fiscal cliff we talked so much about. as the clock ticks where do merps stand on the troubled economy. peter doocy is live with brand new poll numbers. >> hi heather. we have been hearing so much about what the principal negotiators think about the way around the fiscal cliff. the latest is that president obama is troubled by speaker boehner's suggestion that tax cuts to the wealthy should be permanent while speaker boehner says the president moved the goal post and wants too much in revenue. something we don't hear about is public opinion. most registered voters 57 percent feel the best way to deal with the budget problems is with cuts in spending. 20 percent think tax increases are a better solution and a little less 18 percent favor a balanced approach of cuts and tax hikes. and when asked if raising taxes on the wealthy is enough to solve the country's budget problems, 33 percent of registered voters said yes. but man fee more, 61 percent said spending cuts are necessary as well. this comes as three quarte
. >> if a deal can't be reached before january the 1st we will go over that fiscal cliff we talked so much about. as the clock ticks where do merps stand on the troubled economy. peter doocy is live with brand new poll numbers. >> hi heather. we have been hearing so much about what the principal negotiators think about the way around the fiscal cliff. the latest is that president obama is troubled by speaker boehner's suggestion that tax cuts to the wealthy should be permanent while...
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cliff and we've got a bi bigger one that that. i want to head it all off, and it will take a bargain to do it and i'm ready to do it. he talks about it, but he doesn't do it. >> bill: what are the odds? >> it's pretty remote. here are the results of the poll. do you believe president obama and the republicans will reach a budget deal before automatic tax increases are triggered? only 15% say yes. 85% do not believe that deal is going to be reached. we have a brand new bill o'reilly.com poll question for you. do you believe the factor's christmas controversy coverage is accurate or overblown? are we overdoing it or right on it? this is the new bill o'reilly.com. directly ahead, bernie goldberg on accusations the right wing media controls america. >>> later, adam carolla on a judge ordering a dead beat dad not to have any more children. those reports after these messages. [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay
cliff and we've got a bi bigger one that that. i want to head it all off, and it will take a bargain to do it and i'm ready to do it. he talks about it, but he doesn't do it. >> bill: what are the odds? >> it's pretty remote. here are the results of the poll. do you believe president obama and the republicans will reach a budget deal before automatic tax increases are triggered? only 15% say yes. 85% do not believe that deal is going to be reached. we have a brand new bill...
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cliff than if you deal with president obama. >> greta: well, it appears to many in the city that it's politico check mate for the president. if we go over the fiscal cliff, what it means is the taxes will go up on the wealthy, the big earners. it also goes up on the middle class. i assume the middle class will look to the rawp republicans foe fact that their taxes come up so political check mate. >> i'm not so sure. president obama could avoid that very simply by putting maybe two or three to one expenditure reductions on the table for revenue increases, something like sim responsibl simpson bow. he has a formula given to him by a commission he appointed and heted that formula and presented to the republicans a program which was basically just a massive tax increase over and above the massive tax increase that's going to take place with the bush tax cuts expiring, so i don't see where there's -- he hasn't given them room to compromise. maybe if he had put his tax increases on the table and put up expenditure reductions of, you know, one and a half to one and republicans can negotiate
cliff than if you deal with president obama. >> greta: well, it appears to many in the city that it's politico check mate for the president. if we go over the fiscal cliff, what it means is the taxes will go up on the wealthy, the big earners. it also goes up on the middle class. i assume the middle class will look to the rawp republicans foe fact that their taxes come up so political check mate. >> i'm not so sure. president obama could avoid that very simply by putting maybe two...
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. >>> most americans say our leaders will keep us from falling off the fiscal cliff 20 days from now. that's according to a news pal. 51% say president obama and congress will cut a deal to prevent automatic tax hikes and spending cuts. john boehner says he still has serious differences with the president after they exchanged new counteroffers apparently and talked on the phone last night. now some house republicans are vowing to work through the holidays to get the deal done. ed henry is live at the white house. that's a motivator i suppose, lose your christmas. >> normally when there is a holiday like that, you're right. this forces them to come to the table. right now they are still pretty far apart. there was a phone call you last night between the president and the speaker. officials on both sides telling me tonight the call was pretty tense because the bottom line is they are still not finding common ground. you listen to the speaker today, jay carney from the white house podium, they're still saying that they're farther apart on both spending cuts and tax increases. take a list
. >>> most americans say our leaders will keep us from falling off the fiscal cliff 20 days from now. that's according to a news pal. 51% say president obama and congress will cut a deal to prevent automatic tax hikes and spending cuts. john boehner says he still has serious differences with the president after they exchanged new counteroffers apparently and talked on the phone last night. now some house republicans are vowing to work through the holidays to get the deal done. ed henry...
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is reached on the so-called fiscal cliff. stuart varney has got the bad news and it's in small print of the health care reform. >> it is. under obamacare. everybody is looking at the fiscal cliff, tax the rich more for the fiscal. okay. we've got that. but we are definitely going to tax the rich just a little bit more come january 1 to pay for obamacare, specifically taxes on capital gains, dividends going up to just a little bit more, just a little bit more on january 1, and also a little bit more on income of those people making more than $200,000 a year. so we have defined rich down to $200,000 a year. it was a lot higher than that, but guaranteed january 1, a little bit more for obamacare. >> steve: when you say a little bit more, you mean like 3 or 4%, which adds up. >> it does. it's 3.8% extra as a capital gains tax. >> steve: that's a done deal. that's baked into the health care reform? >> that's it. there is no discussion about it. that was passed two years ago. this is going to happen. then you've got maybe a little
is reached on the so-called fiscal cliff. stuart varney has got the bad news and it's in small print of the health care reform. >> it is. under obamacare. everybody is looking at the fiscal cliff, tax the rich more for the fiscal. okay. we've got that. but we are definitely going to tax the rich just a little bit more come january 1 to pay for obamacare, specifically taxes on capital gains, dividends going up to just a little bit more, just a little bit more on january 1, and also a...
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talking about the pesky fiscal cliff loomming in the end of the year. you know, the way washington works. you got to write bills and get people on board. if that is true and if they want to have a deal by january wobst as you look at a live picture where no one is working in that building. they would have to come up with a deal sometime this week by this weekend. it is interesting according to usa today apparently both sides are talk not releasing detailings. mr. boehner wants to know what spending cuts the president is talking about . the president wants to know what kind much tax hike the republicans go on. >> gretchen: it feels like dejavu. ground hog dog. last year it the debt ceiling orificical cliff. it was the debt ceiling. >> steve: first fiscal cliff of our lifetime. >> gretchen: it feels like it has been here a longg time and they were talking about the importance of the day to get the bill actually through. i feel like they can jump through hoops and get past that, too. >> eric: had it has to originate in the house and sent over marked up to
talking about the pesky fiscal cliff loomming in the end of the year. you know, the way washington works. you got to write bills and get people on board. if that is true and if they want to have a deal by january wobst as you look at a live picture where no one is working in that building. they would have to come up with a deal sometime this week by this weekend. it is interesting according to usa today apparently both sides are talk not releasing detailings. mr. boehner wants to know what...
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to avoid that show called fiscal cliff. >> it was also warm in the nation's capital despite the chill between democrats and republicans. >> president obama dug in his heels insisting on tax increase or higher earners. >> and they both agree he that the other's proposals are ridiculous. >> just a sampling of the coverage this week as the media keep a watch on what's done or not to avert the fiscal cliff. >> jim shall the overriding theme in the media seems to be that president obama won the election and therefore should do what he wants and the media seems to forget na john boehner and everyone else won their elections as well and they're a co-equal branch of government. >> i think the media loves the story of president obama's comeback and the new york time describes him as disciplined and unyielding and focused on this and i think there are other media stories as well. the second media story or narrative. which one wants to grow by virtue of the tax increases and get new perspective from the mainstream media and the third is mcconnell and boehner back and forth. and the media want to
to avoid that show called fiscal cliff. >> it was also warm in the nation's capital despite the chill between democrats and republicans. >> president obama dug in his heels insisting on tax increase or higher earners. >> and they both agree he that the other's proposals are ridiculous. >> just a sampling of the coverage this week as the media keep a watch on what's done or not to avert the fiscal cliff. >> jim shall the overriding theme in the media seems to be...
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and forget the fiscal cliff. deal or no deal. a new wave of taxes are the set to kick in next month, because of obamacare, will it be on the edge? , we'll break it down. >> mike: good morning, i'm mike in for dave. like the federal government do you have the urge to splurge? why impulse buying may be costing you and your family an extra $200 per month. >> plus, the twinky, may be here to stay after all. how one man is trying to save hostess from the brink of extension. "fox & friends" hour three starts right now. >> ♪ >> good morning, everyone, thanks so much. mike jerrick is here. >> mike: hello, can i say quickly? tomorrow is my brother, tom jerrick's birthday in maryland, and he's always at church every sunday morning, say hi to tom jerrick. >> clayton: so he was the disciplined one of the family. >> alisyn: we're getting this, you were the black sheep. >> mike: what are you trying to say? we have six kids. >> clayton: i'm saying that he's the colonel and you're not. >> mike: i'm just corny. mike jerrick is here everyone, gr
and forget the fiscal cliff. deal or no deal. a new wave of taxes are the set to kick in next month, because of obamacare, will it be on the edge? , we'll break it down. >> mike: good morning, i'm mike in for dave. like the federal government do you have the urge to splurge? why impulse buying may be costing you and your family an extra $200 per month. >> plus, the twinky, may be here to stay after all. how one man is trying to save hostess from the brink of extension. "fox...
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if we gopher 00 fiscal cliff the republicans who are in complete disarray will be blamed. both parties in their own way are putting the country at risk, the risk of a recession because of politics. >> all right. and pat, the republicans will get more blame. we know that already. but ultimately the president of the economy goes may pay the price as he did last august. the problem i have is with what doug said the republicans are in such a disarray. make a case other than we don't want to attack rich people and they lost that in the election and have not been able to make the case that they should have made in the election this year which is on spending and the debt limit. >> go ahead. >> this is bad for the g.o.p. no matter what. and i hate to say this. but, you know, we are either not going appeal to our very conservative base or we're going to tick off people that think that we're not being hard enough. so, this is going to end up. this is going to play badly for the g.o.p. either way. obama set this up. kind of like a dog and pony show to where it's almost like this is j
if we gopher 00 fiscal cliff the republicans who are in complete disarray will be blamed. both parties in their own way are putting the country at risk, the risk of a recession because of politics. >> all right. and pat, the republicans will get more blame. we know that already. but ultimately the president of the economy goes may pay the price as he did last august. the problem i have is with what doug said the republicans are in such a disarray. make a case other than we don't want to...
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cliff that will take place in january from congress and they may strike a budget deal by then. economists think it could downs back in november with unemployment still high the trend remains weak because households don't have the income to spend. that ties in with the borrowing numbers as well. credit card usage has gone 17 percent since the 2008 credit cli cries lis. the category auto and student loans is 22 percent higher. they get training for new careers. >> diane macedo from the fox business network it is 14 minutes before the top of the hour. you could call them a mosque carade. it promised to be a lot more than a praise of prayer. turns out that is all they are doing there. we will tell you the details. >> they were trying to wreak havoc on the neighbor's decorations. check with steve doocy to see what's coming up. >> thank you very much. exactly. 13 minutes before fox and friends kicks off. who says there's no such thing as a free lunch. whoever said that has to dine with uncle sam. millions of dollars of tax payer money feeding children for free. before they need it or
cliff that will take place in january from congress and they may strike a budget deal by then. economists think it could downs back in november with unemployment still high the trend remains weak because households don't have the income to spend. that ties in with the borrowing numbers as well. credit card usage has gone 17 percent since the 2008 credit cli cries lis. the category auto and student loans is 22 percent higher. they get training for new careers. >> diane macedo from the fox...
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Dec 12, 2012
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jon: the fiscal cliff talk is ticking less than three week to go to hammer out a deal before automatic spending cuts and kick in. house speaker boehner has made it clear republicans are staying in washington before and after christmas to solve the crisis as the president pushes his plan with bipartisan group of mayors and community leaders. chief congressional correspondent mike emanuel live on capitol hill. we had slight movement on the fiscal cliff negotiations, mike, but it doesn't really sound like they're close to a deal, huh? >> reporter: that's right, jon. president obama reduced his new revenue demand from $1.6 trillion over 10 years to $1.4 trillion over 10 years. house speaker john boehner says he is the most optimistic guy in washington but serious differences remain and the republicans may not feel like they have a whole lot of leverage in the negotiations with a democrat in the white house and democrat controlling the senate but they are threatening when it comes to the calendar. take a listen. >> the president seems to be walking you ever so slowly towards the cliff. we'v
jon: the fiscal cliff talk is ticking less than three week to go to hammer out a deal before automatic spending cuts and kick in. house speaker boehner has made it clear republicans are staying in washington before and after christmas to solve the crisis as the president pushes his plan with bipartisan group of mayors and community leaders. chief congressional correspondent mike emanuel live on capitol hill. we had slight movement on the fiscal cliff negotiations, mike, but it doesn't really...
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Dec 6, 2012
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a series of tax cuts and spending cuts set to kick in just 26 shopping days until the fiscal cliff. >> brian: less working days. >> steve: that's right. house republicans say there will be no deal if tax ritz go up and the obama administration says it's ready to go thelma and louise style over the cliff on january 1. if that's the case, wendell goler live at the white house with what we know is going on behind the scenes. anything happening? >> steve, the president and house speaker john boehner talked on the phone yesterday, but they agreed not to characterize their conversation. so it's unclear how much progress they made. from the outside, it does seem they've moved a bit closer with boehner now agreeing to raise tax collection from the wealthy, though not by raising tax rates. >> we've got to cut spending and i believe to put revenues on the table. the revenues we're putting on the table will come from, guess who, the rich! there are ways to limit deductions, close loopholes, and have the same people pay more of their money to the federal government without raising tax rates which
a series of tax cuts and spending cuts set to kick in just 26 shopping days until the fiscal cliff. >> brian: less working days. >> steve: that's right. house republicans say there will be no deal if tax ritz go up and the obama administration says it's ready to go thelma and louise style over the cliff on january 1. if that's the case, wendell goler live at the white house with what we know is going on behind the scenes. anything happening? >> steve, the president and house...
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Dec 9, 2012
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the edge of the fiscal cliff looming larger as the clock ticks toward the deadline on january 1st. negotiators are trying to hammer out a deal over tax hikes and spending cuts searching for common ground. amid all the back and forth there are signing of a compromise. steve centanni is live in washington. are the two sides any closer together? >> reporter: there are two important signs today. speaker, house speaker john boehner met with president obama at the. we don't know how long they met or exactly what they talked about, but the white house says lines of communication are open and face-to-face meeting is on important. at the same time republicans say they will accept the demands for higher taxes on the wealthy if it goes along with spending cuts entitlements like medicare and social security. listen.... >> a lot of people are putting forth a theory. i think it has merit where you give the president 2% increase he is talking about on the top 2 percent. i am beginning to believe that is the best route for us to take. >> reporter: many other republicans, of course, standing firm a
the edge of the fiscal cliff looming larger as the clock ticks toward the deadline on january 1st. negotiators are trying to hammer out a deal over tax hikes and spending cuts searching for common ground. amid all the back and forth there are signing of a compromise. steve centanni is live in washington. are the two sides any closer together? >> reporter: there are two important signs today. speaker, house speaker john boehner met with president obama at the. we don't know how long they...
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Dec 8, 2012
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>> the fiscal cliff. because they have to. it is in writing, it's a law that if they don't get a deal together, we go over the cliff and 1.2 trillion dollars, 600 billion out of spending and 600 billion in taxes and force-- >> i remember when i was in school, this is just like a year ago, really, no, quite a while ago. i remember talking in school about us being in debt and it was like reaching a trillion dollars and the teacher asked us to wrap our hands around this idea of a trillion dollars. now, we're seeing 16 trillion dollars. i can't wrap my head around a trillion to try to-- >> and then jay carney saying that's not the focus getting us out of debt and i use my dad as a reference to the first hour of the show. like my dad handing me a credit card going off to college, you know what just put whatever you want on there, keep spending, that's not our focus. >> clayton: we're not going to pay for it. >> part of the deal president obama of brought to john boehner, let's reof move the debt ceiling and take the limit on the cr
>> the fiscal cliff. because they have to. it is in writing, it's a law that if they don't get a deal together, we go over the cliff and 1.2 trillion dollars, 600 billion out of spending and 600 billion in taxes and force-- >> i remember when i was in school, this is just like a year ago, really, no, quite a while ago. i remember talking in school about us being in debt and it was like reaching a trillion dollars and the teacher asked us to wrap our hands around this idea of a...